Market Cap
24h Vol
7054
Cryptocurrencies
82438
Markets
Cryptopolitan
2019-07-03 07:00:20

CoinRecoil CEO urges Modi government to break the silence in an open letter

Kunal Barchha, the CEO and founder of CoinRecoil, a company that had hoped to emerge as India’s most technologically advanced crypto trading platform, writes a profound open letter to the honorary Prime Miniter of India, Narendra Modi and Finance Minister, Nirmala Sitharamani, in an attempt to make them reconsider their vote against the cryptocurrency trading in the country. Cryptocurrencies were never really given legal status by the Indian government. However, it all started going downhill for the Indian crypto market when Reserve Bank of India (RBI) announced an absolute ban of trading, dealing, and handling of cryptocurrencies on April 5.